Croatia’s GDP Falls for 8th Consecutive Quarter

Croatia’s Gross Domestic Product (GDP) rate has fallen for the eighth consecutive quarter, with the Central Bureau of Statistics saying that the largest impact effect the fall has been a further drop in exports of goods, and reductions in the processing industry…

In the third quarter of 2013 Croatia’s GDP continued to decline, and at a lower than in the second quarter. Croatia’s GDP fell 0.6% compared to the same quarter last year. Economic analysts earlier expected a reduction between 0.2 to 0.7%. Croatia’s GDP drop was by far the worst amongst EU member states. Cyprus held that dubious record, with their GDP falling a record 5.7%, with the Czech Republic, Italy and Spain all falling by more than 1%.